Welcome to AGORACOM Q&A. We have invited Neah Power Systems Investors to ask questions which have been answered directly by management. With us today is Dr. Chris D’Couto President of Neah Power Systems, a developer of fuel cell power solutions using proprietary, award winning technology for the military, transportation, and portable electronic devices.
Neah CEO Interviewed by Best-Selling Author Kevin Daum on Inc.com Conducts Shareholder Q&A with Agoracom
BOTHELL, WA /January 29, 2015 / Neah Power Systems, Inc. (OTC:NPWZ) an emerging leader in fuel cell-based power generation and lithium ion-based storage solutions for the unmanned aerial vehicles (defense and commercial), military, transportation and portable electronics industries, today announced that the Formira Hydrogen on Demand technology was recently featured on the cover of Automotive Industries Vol 193 Issue 3, with an interview featuring Dr. Chris D’outo, CEO of Neah Power, and Mr. David Schmidt, the Company’s CFO. The article highlights the differentiated offering with the Formira HODTM to address safety, handling, infrastructure, and other challenges facing the hydrogen economy.
Founded in 1895, Automotive Industries is one of the world’s oldest continually published trade publications. The interview can be found in the December 2014 issue of the magazine and also online at: http://www.ai-online.com/Adv/Previous/show_issue.php?id=6509&search=true#sthash.rvBhpGVQ.dpbs as well as on the Neah Power Systems website.
Separately, Neah CEO Chris D’Couto was interviewed by best-selling author and entrepreneur Kevin Daum for Inc.com to discuss his leadership style and work ethic at Neah. The interview is available at: http://www.inc.com/kevin-daum/this-ceo-keeps-it-lean-mean-and-highly-focused-here-are-his-secrets.html.
Thirdly, on January 27, 2015, Neah conducted their 6th Q&A session with AGORACOM in which shareholders were invited to submit questions that were addressed in the interview (WATCH INTERVIEW: http://goo.gl/KyNHZF). Neah provided a variety of business and technology updates.
About Neah Power Systems
Neah Power’s core solutions have a small form factor, recharge instantly, and operable in air and non-air environments, providing a longer life with lower total cost of ownership. Neah Power’s Solutions offerings include the patented and patent pending PowerChip(R), Formira(R) and the BuzzBar Suite(R) of products. For more information please visit www.neahpower.com.
For more information please contact
Crescendo Communications LLC
Phone: +1 (212) 671-1020 x303
Email: [email protected]
Forward Looking Statements
Certain of the statements contained herein may be, within the meaning of the federal securities laws, “forward-looking statements,” which are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, and Neah Power does not undertake any responsibility to update any of these statements in the future. Please read Neah Power’s Form 10-K for the fiscal year ended September 30, 2014 and its Quarterly Reports on Form 10-Q for a discussion of such risks, uncertainties and other factors.
Several foreign nations are already stockpiling materials critical to the emerging green technology economy, which means a reliable North American supply of high quality lithium-based products has never been more urgent. Stria believes Canada has a key role to play in the green tech economy, and plan to be a part of it by carving out a supply and technology niche in the critical and strategic metals world.
Stria holds 100 per cent ownership of the Pontax-Lithium property located in the west-central James Bay territory in northern Quebec.
The property, which Stria acquired from Khalkos Exploration Inc. in 2013, is host to a recently discovered swarm of a dozen spodumene-bearing (a lithium mineral) pegmatite dikes, each one metre to 10 metres in thickness, plus a series of small centimetre-thick dikelets.
The lithium-bearing dikes outcrop over an area of 450 metres by 100 metres (for more information, click here to view the NI-43-101 Technical Report (Girard,2013) on the Pontax-Lithium Property).
Close-up view of Pontax’s spodumene-bearing pegmatite. The light grey spodumene is idiomorphic and lath-shaped. The intergranular grey mineral is quartz.
Stria holds 100 per cent ownership of the Willcox Lithium project, located in Cochise County, Arizona. Acquired through the purchase of Pueblo Lithium LLC from AGR-O Phosphate Inc. in 2014, the property is comprised of 61 lode mining claims.
The purpose of the 2014 Willcox drilling program is to confirm historic exploration results and to test groundwater samples for use in Stria’s proprietary membrane processing technologies now under development. This technology will allow Stria to recover lithium from brine type deposits without the need of large scale evaporation ponds and their associated environmental impacts.
Indulging in the green is no longer just a cocktail conversation – it’s big business.
According to researchers from cannabis industry investment and research firm The ArcView Group, the legal marijuana market in the United States ballooned to $2.7 billion last year, growing 74 per cent from 2013 to become the fastest-growing industry in the nation.
That’s a lot of weed sales – and a major boost to the economy business leaders are all of a sudden taking very seriously.
Just ask former US Senator Mike Gravel.
What’s especially impressive is only four states have legalized adult cannabis use and sales, with another eight expected to jump on board by the end of next year.
If legalization is eventually enacted across all 50 states, the legal marijuana industry is projected to become larger than the organic food industry.
And while the U.S. is blazing the trail, we can probably expect a budding cannabis business to boost Canada’s GDP in the near future – Trudeau 2015, anyone? After all, everything that happens in the U.S. eventually becomes big North of the Border.
Who would have guessed that the most effective recovery from the next recession could be to smoke ourselves out?
Certainly not what we learned in economics class.
#NOTABLE
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Source: http://notable.ca/nationwide/yp-life/Legal-Marijuana-is-Now-the-Fastest-Growing-Industry-in-America/
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Baie-Comeau, Quebec / January 26, 2015 / St-Georges Platinum and Base Metals Ltd. (CSE: SX) (FSE: 85G1) (US OTC: SXOOF) is pleased to announce today that a new series of results increased the size and grades of the previously reported mineralized T1 Zone, as well as additional positive results from the T2 Zone from its wholly owned Julie Nickel-Copper project on the Quebec North Shore.
Results from T1 Zone
The initial discovery on the T1 Zone which yielded 1.71% Nickel over 8.49 meters was reported on December 29, 2014. New results from the Channel #1 on the T1 Zone extend the length of the intersection an additional 3.15 meters grading 2.14% Nickel, 0.33% Copper and 0.04% Cobalt. These compiled results are highlighted in the table below:
| From | To | Interval* | Nickel | Copper | Cobalt | |
| (Metres) | (Metres) | (Metres) | (%) | (%) | (%) | |
| T1 Channel 1Including new result
Including already reported* |
08.490 | 11.6411.64
8.49 |
11.643.15
1.71 |
1.822.14
0.27 |
0.290.33
0.27 |
0.040.04
0.03 |
* Reported channel sections are not true widths there is insufficient data with respect to the shape of the mineralization to calculate true orientations in space.
The starting point of the channel cut was located at N49? 57.463′ W69? 27.045′
Zone T1 is an area measuring 70 metres by 56 metres. The ultramafic intrusive suite that hosts the new discovery can be traced along a magnetic conductor identified in 2011, which runs for approximately 13 kilometres in a WSW to ENE trend.
Results from T2 Zone
The T2 Zone is a surface mineralized zone measuring 52 metres by 18 metres. This zone is located 116 metres away from the initial discovery of “T1” on an East-North-East trend. It is categorized by a series of small gossans within a larger zone of mafic and ultramafic rocks at or near surface.
When added to the T1 Zone already identified it covers a total strike length of 238 meters of mineralisation and coincides with the ultramafic intrusive suite which hosts the new discovery.
The table below outlines the results from an 18.68 metre channel sample taken sub-parallel the mineralized body at surface and starts approximately 171 meters away from the end of the channel #1 on T1 zone:
| From | To | Interval* | Nickel | Copper | Cobalt | |
| (Metres) | (Metres) | (Metres) | (%) | (%) | (%) | |
| T2 Channel 3Including
Including |
09.339.33 | 18.6818.68
13.62 |
18.689.35
4.29 |
1.101.45
1.56 |
0.230.28
0.28 |
0.030.03
0.03 |
* Reported channel sample sections are not true widths. An apparent surface width of 8 meters can be calculated but at this time there is insufficient data with respect to the shape of the mineralization to calculate true orientations in space.
The starting point of the channel sample was located at N49? 57.515′ W69? 26.910′
Quality Control
Mr. Joel Scodnick (P.Geo.), Vice-President Exploration of the Company, is the independent qualified person for the technical disclosure contained in this news release. Mr. Scodnick has supervised the work programs on the Julie Project, examined the samples summarized in this release, discussed, reviewed the results with the Company’s geological staff and reviewed the available analytical and quality control results.
Channel cuts samples and drill core samples were transported in sealed bags from Baie-Comeau to a warehouse facility in Montreal. There they have been opened, washed, photographed again, logged, resealed and transported to Agat Laboratories in Dorval, Quebec. Agat Laboratories transported the samples to their analytical facilities in Mississauga, Ontario. Base metal analyses were initially obtained via ICP-AES Aqua Regia and 4 Acid digestions. The two digestion methods show good correlation. Nickel values in excess of 10,000 ppm were reanalyzed using a sodium peroxide fusion followed by ICP-AES finish.
ON BEHALF OF THE BOARD OF DIRECTORS
Mark Billings,
Mark Billings, Chairman
St-Georges is a Platinum-Palladium & Nickel explorer with projects in the Province of Quebec, Canada. Headquartered in Montreal, the Company’s stock is listed on the CSE under the symbol SX and its shares trades in the United States under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. Its Flagship project is the Julie Nickel Project on Quebec’s North Shore near the deep-seaport town of Baie-Comeau. For additional information, please visit our website at www.stgeorgesplatinum.com.
Forward-looking Statement:
This document contains certain forward-looking statements which involve known and unknown risks, delays, and uncertainties not under the corporation’s control which may cause actual results, performance or achievements of the corporation to be materially different from the results, performance or expectation implied by these forward-looking statements.
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
Montreal, Quebec / January 22, 2015 / Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR), is pleased to announce that it has filed a new technical report in accordance with National Instrument 43-101, entitled, “Technical Report on the Beauce Paleoplacer Property, South-Eastern Quebec” (“Technical Report”) with Canadian securities regulators. The project is located in the municipality of Saint-Simon-les-Mines in the Beauce region of Southern Quebec. The Technical Report is available at www.sedar.com and on the Company’s website.
This report was prepared in order to fulfill TSX-Venture requirement regarding the Company’s acquisition of the Fancamp claims (please refer to news release dated September 17, 2014 and October 22, 2014 for more detail).
The closing of the Fancamp claims acquisition increase Uragold Gold Exploration Target from the original range of 23,000 ounces (741,000 m3 @ 0.97 g Au/m3) and 140 000 ounces (741,000 m3 @ 5.9 g Au/m3) to a new Gold Exploration Target, for the entire historical paleoplacer channel now controlled by Uragold, ranging between 61,000 ounces (2,200,000 m3 @ 0.87 g Au/m3) and 366,000 ounces* (2,200,000 m3 @ 5.22 g Au/m3).
SALIENT POINT OF THE NEW EXPLORATION TARGET DELINEATION:
– Evidence from the historical drilling versus the Beauce Placer Mining Company production figures suggests that due to the “nugget effect” the final gold recovery could be significantly higher (up to 6 times) than the drilling estimate of the gold volume;
– This equates to a possible range between 61,000 ounces (2,200,000 m3 @ 0.87 g Au/m3) and 366,000 ounces* (2,200,000 m3 @ 5.22 g Au/m3) using the x6 multiplier
*All information such as the historical estimates or the exploration target on the Beauce Paleoplacer Project area are base on historical data from Roche, Laval University and the Geological Survey of Canada that pre-date 2001, therefore they do not meet current National Instrument 43-101 reporting standards and should not be relied upon until the Company can confirm them.
Patrick Levasseur, President and COO of Uragold stated that: “The closing of the acquisition is another key milestone in the development of our Gold assets… the new exploration target and potential, changes the entire dynamics of the Beauce Paleoplacer Gold project, as it significantly increase the scope and size of the project.”
With the acquisition now completed, Uragold can now focus its attention on securing a non-dilutive financing required to complete a 9,000 cubic meters (m3) of auriferous till pilot-scale operation (Phase 1). The pilot-scale operation is needed to allow the corporation to establish a statistical distribution model for the nugget effect to the gold grade of the buried paleoplacer channel. This step is required to establish a resource category needed to complete the Feasibility Study (“FS”) requirement of Quebec’s the new Mining Act.
As previously mentioned, Quebec’s Ministry of Natural Resources will grant Uragold a “conditional” Mining Lease over the Rang Chaussegros to complete Phase 1 once an Internal Preliminary Economic Assessment (PEA) and an approved Closure Plan is submitted. UBR will be authorized to start full-scale production (Phase 2) once a Feasibility Study (“FS”) is submitted.
The new NI43-101 Technical report also address issues identified by l’Autorite des marches financiers du Quebec (“AMF) as previously disclosed on October 17, 2014.
Mr. Vivian Stuart-Williams, SACNASPS, working under Special Authorization #308 of the Quebec Order of Geologist, is an Independent Qualified Person as defined by National Instrument 43-101 that supervised the preparation of the information in this news release.
The Filing of the technical report was the last outstanding issue Uragold needed to comply with in order to receive TSX venture approval of the closing of the acquisition (Please refer to Uragold Oct 22, 2014 press release for more details)
SALIENT POINTS OF THE FANCAMP CLAIMS ACQUISITION:
Contemporaneously with the signing of the definitive Agreement:
Peter H. Smith PhD, P.Eng. is a Director and founder of Fancamp Exploration Ltd. and is presently Chairman of the Board and President. He has been a Director of Fancamp Exploration Ltd. and its predecessor company, Fancamp Resources Ltd, since January 1986. He is presently a Director of Lamelee Iron Ore Ltd., since May of 2014 and served as a Director of Argex Titanium Inc. from October 2009 to May 2013. He has served as a Director of Litewave Corp. and St. Georges Platinum Base Metals Ltd. since January 2010, leaving the latter company in October 2010. He was a Director of Golden Hope Mines Ltd from May 1997 to August 2009. He is a member of the Ontario Order of Professional Engineers and is a former Director of the Prospectors and Developers Association of Canada.
About Uragold Bay Resources Inc.
Uragold Bay Resources is a TSX-V listed Gold and High Purity Quartz exploration junior focused on generating free cash flow from mining operations. Our business model is centered on developing mining projects suited for smaller-scale start-up, (Capex < C$10M), that will generate high yield returns (IRR > 50%). Uragold will reach these goals by developing Quebec’s first placer mine in 50 years, the Beauce Placer Project developing and, in partnership with Golden Hope Mines, the Bellechasse-Timmins Gold Deposit.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information contact
Bernard J. Tourillon, Chairman and CEO
Patrick Levasseur, President and COO
Tel: (514) 846-3271
www.uragold.com
Bothell, WA (January 22, 2015) – Neah Power Systems, Inc. (OTCQB: NPWZ) an emerging leader in fuel cell-based power generation and lithium ion-based storage solutions for the unmanned aerial vehicles (defense and commercial), military, transportation and portable electronics industries, today announced that it had successfully completed testing of the PowerChip® units at a Defense Research and Development Organization (DRDO), Government of India facility and it had received payment of approximately $165,000 for these initial test units. This successful completion of testing is a critical milestone in completing the licensing agreement with the DRDO. The DRDO is an agency of the Republic of India, responsible for the development of technology for use by the military.
Chris D’Couto, Neah Power’s Chief Executive Officer said, “We are pleased to announce the successful testing of the PowerChip® units to the specifications provided, and to have met the needs of a key customer and government entity. This further substantiates the value proposition of the PowerChip fuel cell in terms of differentiated performance from other fuel cell, including non-air operation and semiconductor-based manufacturing, as well as the ability to meet the needs of mission critical applications. We are very excited to have met this critical milestone to completing the licensing agreement which we expect to be a significant contract which the Company will update at the appropriate time. This will enable us to further adoption for a variety of applications in our targeted industries. We are optimistic about the future growth prospects of Neah Power Systems.â€
Neah Power’s core solutions have a small form factor, recharge instantly, and operable in air and non-air environments, providing a longer life with lower total cost of ownership. Neah Power’s Solutions offerings include the patented and patent pending PowerChip®, Formira® and the BuzzBar Suite® of products. For more information please visit www.neahpower.com.
For more information please contact
Crescendo Communications LLC
Phone: +1 (212) 671-1021
Email: [email protected]
Certain of the statements contained herein may be, within the meaning of the federal securities laws, “forward-looking statements,†which are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, and Neah Power does not undertake any responsibility to update any of these statements in the future. Please read Neah Power’s Form 10-K for the fiscal year ended September 30, 2014 and its Quarterly Reports on Form 10-Q for a discussion of such risks, uncertainties and other factors.
WHY GARIBALDI RESOURCES CORP?
LEADERSHIP. MOVING FORWARD. BUILDING VALUE.
GARIBALDI APPROACH AND ADVANTAGE IN MEXICO
Through the strength of its geological team and the use of cutting- edge technology and proprietary data, Garibaldi has built a foundation for lasting success in Mexico:
La Patilla Project
Rodadero North Project
NORTHWEST B.C. – DOMINANT LANDHOLDER IN EMERGING SHESLAY CAMP
Red Lion
Mount Sister Mary (MSM)
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OTTAWA, ONTARIO–(Jan. 19, 2015) – Stria Lithium Inc. (TXS VENTURE:SRA) (“Stria” or the “Company”) is pleased to report the following update on its proprietary, environmentally sustainable lithium ore processing technologies and the extension of its non-brokered private placement until February 2nd.
Market Outlook
The Energy Storage sector is growing substantially faster than the Electrical Vehicle (EV) battery sector. According to Industrial Minerals, a reliable global source of mineral data, commercial energy storage applications using lithium-ion phosphate batteries has become a multi-billion industry.
Industrial scale energy storage for regional energy storage installations in California, Hawaii and Bolivia, complement the corporate electrical storage requirements of EV pioneer Tesla, for example, for use in its trans-American charging network.
While lithium markets have held their price values in a soft commodities market during the last 18 months, lithium juniors face other challenges in securing a toehold into the lithium space.
In his year-end 2014 market outlook, analyst Chris Berry stated:
“Lithium production is an oligopoly. Despite the strong growth rates in lithium demand (estimated at 8% per year), oligopolies do not welcome competition and therefore if you’re a company aspiring to join the ranks of producers, you need some sort of a competitive advantage or strategic relationship which allows you the possibility of achieving the lowest cost of production. The growth rate in demand is key.”
Stria Lithium’s business advantage is built through its strategic clean energy alliance with Focus Graphite Inc., and Grafoid Inc.
Industrial Minerals, reported that despite real or perceived barriers, “… new sources of raw material are likely to be needed to prevent price inflation as demand from the battery sector grows.”
Mineral markets expert Simon Moores, in his January 15, 2015 commentary in Benchmark Notes, admonishes investors to consider the impact rapid growth in lithium demand had on the smartphone industry:
“The smartphone uptake took the battery supply chain by surprise. Such was its unprecedented nature, leading lithium suppliers of the key battery raw material continually underestimated the speed of growth in demand which ranged from 8-12% each year in that period. Lithium saw a supply squeeze and its price spike three-fold between 2004 and 2009 as a result.
And with EVs and utilities, the batteries are bigger… much bigger. For supply chain disruption, EV sales would not need to be in the billions or millions, global annual sales of over 200,000 would force significant change.”
Stria’s novel technology, is designed to produce low-cost and high purity lithium directly from spodumene lithium ore.
Stria is currently at the design stage of its pilot plant and has engaged an external, third party engineering firm to validate and audit its proprietary process. The pilot plant will be designed to produce up to 140 kg per month of lithium compound over a minimum six months with the aim of providing potential customers with sufficient 99.99% purity materials for validating process economics and product quality.
Non-Brokered Private Placement
The Company is pleased to announce its private placement offering of non flow-through and flow-through units will remain open until February 2nd, 2015.
On October 30, 2014, Stria Lithium announced the close of its first tranche of a non-brokered private placement offering of up to $1,000,000.
The total private placement consisted of the sale of up to 2,666,667 non flow-through units (the “Units”) at a price of $0.15 per Unit for gross proceeds of $400,000 and up to 3,157,895 flow-through units (the “Flow-Through Units”) at a price of $0.19 per Flow-Through Unit for proceeds of up to $600,000.
Each Unit consists of one (1) common share of the Company and one (1) warrant (a “Warrant”). Each Flow-Through Unit consists of one (1) flow-through common share of the Company and one (1) Warrant. Each Warrant entitles the holder to acquire one (1) additional common share of the Company at a price of $0.35 for a period of 24 months from closing.
The closing of the first tranche of the non flow-through portion of the Offering realized gross proceeds of $26,650.05 from the issue of 177,667 Units. The closing of the first tranche of the flow-through portion of the Offering realized proceeds of $154,770.20 from the issue of 814,580 Flow-Through Units.
About Stria Lithium Inc.
Stria Lithium (TSX VENTURE:SRA) owns the Pontax spodumene lithium property in Northern Quebec and the Willcox brine lithium property in southeastern Arizona, that are currently at the exploration stage. They host no mineral resources or reserves.
As announced in January 2014, Stria’s core business is the development of proprietary, in-house processing technologies. Stria’s technologies, based on recovering lithium metal directly from ore and from brine liquids, will be more efficient, will require fewer controls, less chemistry and require less energy from compact facilities designed to enable easy automation.
Qualified Person: This news release has been reviewed and approved by Mr. Julien Davy, P.Geo., M.Sc., MBA, President and COO of Stria and a Qualified Person under NI 43-101 Guidelines.
Forward Looking Statement – Disclaimer
This news release may contain forward-looking statements, being statements which are not historical facts, and discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company’s expectations are in our documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com.
Stria Lithium Inc.
Mr. Julien Davy
President and COO
[email protected]
CALGARY, ALBERTA / January 16 2015 / QE2 Acquisition Corp. (“QE2” or the “Corporation”) (TSX VENTURE:QE) is pleased to provide an update on the operational activities of the Corporation and announce the resignation of a member of the Board of Directors.
Corporate Update
Acquisitions
In 2014 QE2 completed its second acquisition, Candesto Enterprises Ltd. (“Candesto”), a Calgary based owner-operated leader in highway signage, guardrail installation products and services for a purchase price of approximately $2.68 Million. This was QE2’s second acquisition, the first being Pillar Contracting Ltd. (“Pillar”) which was acquired in late 2013 for a purchase price of $1.4 Million.
Pillar is an industry leader in specialized utilities services: maintenance of light post and street light standards, condition surveys, flagging and traffic management. Pillar’s customers primarily consist of municipalities and utility companies.
Both companies are established, have a history of profitability and proven management, we are very excited to have them under the QE2 corporate umbrella.
Financings and RTO (Reverse Takeover)
On November 4, 2014 QE2 commenced trading on the TSX Venture Exchange under the symbol QE. This was by way of Reverse Takeover (“RTO”) when QE2 acquired Crowsnest Acquisition Corp. (“Crowsnest”). At RTO closing, 21,912,766 shares of QE2 were exchanged on a one-for-one basis for shares of Crowsnest for a current outstanding share count of 28,812,766.
In addition, we completed a convertible debenture financing for gross proceeds of $1,298,000. Canaccord Genuity Corp. was the leading agent. The financing was completed in conjunction with the RTO. Canaccord acted as QE2’s exclusive financial advisor for the entire process and will continue to support QE2 moving forward.
2015 and Beyond
The current landscape of the Canadian junior capital markets has been very challenging. The TSX Venture Exchange is at all-time lows amidst plunging oil and commodity prices. Access to capital has been dire and challenging to say the least, but we believe capital is available to companies and management teams who show a solid business plan backed by companies with tangible assets, strong revenue streams and are profitable.
We believe our strategy of acquiring profitable infrastructure and utilities service companies is an approach the market will embrace as we show accretive value by buying companies between 2-3X EBITDA. Our first two acquisitions were purchased at 2.4X (Candesto) and 1.8X (Pillar) EBITDA, respectively.
Alberta in particular will provide ample opportunities in our target sector as the economy softens and capital dries up due to falling oil prices. However, management believes that infrastructure services companies will not be impacted nearly to the same degree as oil services companies, due to the fact that infrastructure companies are not directly tied to the energy sector. Our partner companies are well established entities doing business with cities, municipalities and construction companies throughout Alberta.
Our focus will be to continue targeting Alberta-based companies but also to expand our reach across Canada.
Management and Board of Directors
For most of 2014, QE2 was heavily involved in completing its RTO process which required a certain skill set from both the management team and the Board of Directors. As QE2 transitions back to acquisition and operations mode the company expects to make changes to better facilitate the objectives, for 2015 and beyond. At present QE2 is having discussions with several potential new Board members.
QE2 announces that for personal reasons Doug Bachman has tendered his resignation from the Board of Directors of QE2 effective January 13, 2015. However, Mr. Bachman will continue to be involved in an advisory capacity to the management and Board of Directors.
We are pleased that Mr. Bachman will remain with QE2 in an advisory capacity. He has been and will continue to provide value to QE2 going forward.
QE2 has been in the process of locating additional board members and will likely be announcing the appointment of an independent director in the near term.
Summary
QE2 is very excited about the future prospects for the company and the company will continue to prudently execute on its growth strategy, which will translate into strong returns for QE2 shareholders.
Mike Belantis
CEO and Director
About QE2 Acquisition Corp.:
QE2 is a forward thinking, Alberta-founded Corporation involved in the acquisition and growth of well-managed, profitable, asset-backed, Western Canada based businesses in the infrastructure and utility sectors. QE2’s growth strategy is a merger and acquisition program which leverages the synergies that can be achieved by vertical and horizontal integration.
For further information please contact,
Mike Belantis, CEO and Director
Tel: (403) 478-0055
Fax: (403) 770-8468
Email: [email protected]
Cautionary Statements
Statements in this press release may contain forward-looking. The words “will,” “anticipate,” believe,” “estimate,” “expect,” “intent,” “may,” “project,” “should,” and similar expressions are intended to be among the statements that identify forward-looking statements. The forward-looking statements are founded on the basis of expectations and assumptions made by the Corporation. Readers are cautioned that assumption used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Corporation. The Corporation does not have any obligation to update or revise any forward-looking statements except as expressly required by applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The securities of QE2 have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Not for distribution to U.S. Newswire Services or for dissemination in the United States of America. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.